Bonds Have Rallied When This Has Happened
Chris Kimble | Sep 06, 2013 11:34AM ET
Dual multi-year channel resistance comes into play in the 10-year rate at (1) in the chart below. Since last summer, the rally in yields has been brutal to the price of bonds, as the yield on the 10-year notes is up 100%.
My Strategy , TB&M (Tops, Bottoms and No Middles) has members long on bonds at this time, with a specific stop in mind based upon past patterns.
The majority of the time, bonds have rallied in price/yields have declined when at the top of this channel and few investors were bullish bonds.
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